Kalashnikov Concern
Here are the quick facts you need to know about Kalashnikov Concern, one of the world’s most well-known small arms manufacturers.
- The company and its subsidiaries also manufacture more advanced conventional weapons systems and vehicles including rockets and small watercraft.
- Kalashnikov Concern was sanctioned by OFAC in July 2014 under Executive Order 13661 and added to the CAATSA Section 231 List of Specified Persons in October 2017.
- Kalashnikov Concern is integrated within a broader corporate network that manufactures both defense-sector materiel and equipment as well as goods with civilian or dual-use applications such as unmanned aerial vehicles. This network relies on cross-border supply chains, logistics, and financial flows and could expose your institution to sanctions risk.
The information contained in this document is not intended to and does not constitute a legal opinion or advice. Reliance on this information is not necessarily sufficient to avoid any fines and/or penalties. Sayari is not responsible for and does not accept any liability for any errors or omissions contained herein. Reference to any individual, company, organization, or entity herein does not imply any violation of law, regulation, requirement, or agreement, unless specifically stated, and shall not be construed as such.
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